India Increases Diesel Export Duty to ₹55.5 per Litre Amid Fiscal Pressures
Centre ups diesel export duty to Rs 55.5/litre, raises excise to high-speed diesel to Rs 24 & infra cess to Rs 36; ATF duty up to Rs 42
The Economic Times
Image: The Economic Times
The Indian government, led by Prime Minister Narendra Modi, has raised the export duty on diesel from ₹21.5 to ₹55.5 per litre, effective immediately. Additionally, the excise duty on high-speed diesel has increased to ₹24, and the duty on aviation turbine fuel (ATF) has risen to ₹42 per litre, aimed at boosting government revenues.
- 01Export duty on diesel increased from ₹21.5 to ₹55.5 per litre.
- 02Excise duty on high-speed diesel raised to ₹24 per litre.
- 03Road and Infrastructure Cess now stands at ₹36 per litre.
- 04Duty on aviation turbine fuel (ATF) increased to ₹42 per litre.
- 05Export duty on petrol remains unchanged at nil.
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The Indian government has implemented a significant increase in the export duty on diesel, raising it from ₹21.5 to ₹55.5 per litre. This move is part of a broader strategy to enhance revenue amidst growing fiscal challenges. Alongside this, the Special Additional Excise Duty on high-speed diesel has been elevated to ₹24 per litre, and the Road and Infrastructure Cess has been set at ₹36 per litre. Additionally, the duty on aviation turbine fuel (ATF) has been increased from ₹29.5 to ₹42 per litre. Notably, the export duty on petrol remains at zero. These changes, effective immediately as per finance ministry notifications dated April 1, are expected to have implications for fuel prices and government revenue, with an official explanation anticipated soon.
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The increase in fuel duties is likely to raise transportation costs, which may lead to higher prices for goods and services, affecting consumers directly.
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